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The Budget 2017/18

This page provides a brief summary of the council's budget for 2017/18.

Jar of coins

The council's finances continue to come under significant pressure in unprecedented times of economic uncertainty and declining levels of public sector funding.  Since 2010, the council's core government funding has been halved to £4m in 2016/17; this grant will be reduced by a further £1.5m, or 37%, by the end of the decade.

 

Budget Headlines

  • The budget proposals for 2017/18 set out a further £1.3m of savings and increased income, it should be noted that since the start of the Government's austerity programme in 2010, the council has delivered efficiency savings in the region of £11m.  The council continues to face significant financial pressures, with fewer opportunities to find further savings without impacting on services.
  • The Council is facing a decline in the grant income from central government, as funding for services is increasingly being derived from Council Tax and Business Rates funding.
  • The Council's finances face ongoing pressures; in particular the New Homes Bonus grant and the 100% Business Rates Retention proposal are set to change funding in future years.

 

How we are making savings and increased income

Savings and increased income from the coming year will include:

  • £400k annual income from the introduction of a subscription garden waste collection service.
  • £200k of savings linked to the reintegration of the housing trust. This is on top of the £300k already found in 2016/17, generating a total of £500k year on year savings from the restructure and reintegration process.
  • £200k a year from an increase in rents for council-owned garages to reflect market demand, and new income from redeveloped flats in Hatfield town centre.
  • To help close the funding gap, the borough council's portion of the average Band D council tax will also rise by £5. The first increase for eight years, it will see the average Band D household pay just over 55p per day for borough council services, including refuse and recycling collections; street cleaning; public health and protection; the management of open spaces, playgrounds and cemeteries; and leisure, planning and housing and community services.

 

Reduction in Government Funding

Our central government funding reduces year on year, and there has been a further 18% cut for 2017/18.

 

Investing in Welwyn Hatfield

We continue to invest significant amounts of capital in our buildings and land, to continue improving Welwyn Hatfield as a place to live, work and shop. These include some major investments in 2017/18:

  • £25m for housing, including £14m for Affordable Housing Programme
  • £1.1m for the continued redevelopment of Hatfield Town Centre
  • £2.3m for development of Splashlands
  • £4.2m for Bereavement Services

 

Further Information

The 2017/18 general fund budget and capital investment programme was approved by the Full Council on 23rd February 2017.

 

 

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